It is urgent to assist domestic businesses to become a strong pillar of the Vietnamese economy, an economy whose growth has been largely fostered by foreign direct investment (FDI) in recent years, experts said.

China’s investment in Vietnam has dramatically increased both in terms of value and project number, but the quality of these projects needs to be taken into account, and to ensure they contribute to reducing the bilateral trade gap.

Russian foreign direct investment (FDI) in Vietnam is at record levels with 106 separate investments totalling roughly US$1.95 billion, according to the latest statistics from the Foreign Investment Agency.

Through public-private partnerships, foreign companies in the food sector have been participating with the Ministry of Agriculture and Rural Development in an effort to support farmers’ cultivation of input materials, and in so doing, optimize their supply chain.